Oslo, 11 April 2025 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)
initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100
million in value of the Company's common shares in open market transactions on
the OSE pursuant to an agreement with Arctic Securities AS.

For the period from and including 09 April - 11 April 2025, Panoro purchased a
total of 70,000 shares at an average price of NOK 22.1246 per share. The
transactions effected through the agreement with Arctic comprise all the
transactions effected by or on behalf of the Company during the period.

Transaction overview

    Date       Trading   Volume    Weighted  Total daily cumulative
                Venue              average   transaction value (NOK)
                                    share
                                    price
                                    (NOK)
 09 April 25     OSE     30,000    22.0053           660,159
 10 April 25     OSE     10,000    23.2426           232,426
 11 April 25     OSE     30,000    21.8712           656,136
Period total             70,000    22.1246          1,548,721
 Previously             2,870,300  29.5706         84,876,405
disclosed buy
   -backs
  under the
  programme
(accumulated)
Program total           2,940,300  29.3933         86,425,126

The issuer's holding of own shares: 2,940,300

Following the completion of the above transactions, Panoro owned a total of
2,940,300 of its own shares, corresponding to 2.5143% of Panoro's share
capital.

Appendix:An overview of all transactions made under the Company's repurchase
program and its agreement with Arctic Securities that have been carried out
during the above-mentioned time period is attached to this report and
available at www.newsweb.no.

Contact information

For further information, please contact: investors@panoroenergy.com

About Panoro

Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore
Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses
offshore southern Gabon, the TPS operated assets in Tunisia and onshore
Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com.

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